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Title: Manipulation army Post by: massivebitman on June 19, 2013, 02:38:39 PM Seems these big boy manipulators have quite a good sway on price.
Well I don't have $1m to put up a massive wall but then again maybe I don't need it to influence the price. How effective do you guys think an army of manipulators would be? I'm thinking if everyone committed a minimum of $5k to put up a wall and bought and sold outside of that commitment. Good chance the wall wouldn't even get tested if it was big enough? What do u guys think, could it work and how many people to be successful given an average of $5k commitment. Would it be a guaranteed money maker for the people involved? Oh. Also let me know if ur interested in doing it and have at least 5k to commit. I have a cunning plan.. Title: Re: Manipulation army Post by: massivebitman on June 19, 2013, 02:39:36 PM It you didn't have $5k to commit then how much.
Title: Re: Manipulation army Post by: Lethn on June 19, 2013, 02:43:27 PM I believe I've already commented on this before but because Bitcoin is a deflationary and decentralised currency it would be very difficult to manipulate the price, if anyone decided to just suddenly buy up Bitcoins with an inflationary currency like the dollar then the price would just go up that high they wouldn't be able to afford it and if they of course tried printing more money to cover the costs then like with constantly spending beyond their means the currency would just become worthless and they'd have to pay millions in paper money just to get a few Bitcoins nevermind a hundred or higher.
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